High Definition Vehicle Insurance launches in Wisconsin

Trucking insurance company High Definition Vehicle Insurance announced its expansion into Wisconsin. The company, which is backed by Munich Re, is now available in 12 states including Alabama, Arkansas, Georgia, Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio, Tennessee, Texas, and Wisconsin.

HDVI Shift, “a first-of-its-kind dynamically priced commercial trucking insurance coverage,” uses onboard telematics data to inform real-time risk models. The company says that fleets can save up to 12% on their monthly premium based on real-time driver safety. HDVI targets small to midsize trucking fleets and the product is distributed through agents.

“Small and midsize fleets often want to be safer but lack the resources necessary to impact safety in the ways that some of the more successful mega-fleets have. A core tenant of the HDVI approach is to bring the sophisticated safety and risk-management tools that the mega-fleets use to the small and midsize trucking company as part of a holistic, end-to-end solution while maintaining that one-on-one relationship with a dedicated fleet services representative.” – Chuck Wallace, HDVI CEO and co-founder.